Major student loan servicer Navient (NAVI) is quitting the federal servicing business, the company announced Tuesday, handing off its 5.5 million borrowers holding about $280 billion in federal student loans to Maximus, another servicer. Advocates and progressive lawmakers led by Senator Elizabeth Warren (D-MA) heralded the move, in light of Navient’s troubled relationship with the federal government’s consumer protection bodies. But the departure adds another challenge when the Education… Source link
Read More »‘A race to the bottom’: Google temps are fighting a two-tier labor system | Google
Ben Gwin works for Google Shopping in Pittsburgh, Pennsylvania. Though he is technically a temporary worker at the tech giant, Gwin and 65 of his colleagues are now represented by the United Steelworkers union. The group of workers ratified their first union contract in July after two years at the bargaining table with their contractor, HCL America Inc. The contract victory was historic in an industry that has aggressively opposed union drives, especially among temp and contracted employees.
Read More »South Korea will fine Google $177 million over Android operating system
In India, a team of antitrust researchers accused the company of abusing its dominance in the mobile phone operating system market, leading to a formal investigation by the nation’s competition commission. The case hinged, in large part, on certain legal agreements that Google required manufacturers to sign before they could install widely used apps like Google Maps, Gmail and YouTube, according to a case file dated April 2019. Source link
Read More »Ambarella’s (AMBA) AI Vision System is Used by Yandex’s (YNDX) New SignalQ2 Driver Monitoring System for Ride-Hailing Partners
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here. Ambarella, Inc. (Nasdaq: AMBA), an AI vision silicon company, today announced that the new Yandex (NASDAQ: YNDX) SignalQ2 LTE-enabled driver monitoring system (DMS) camera is based on the Ambarella CV25 edge AI vision system on chip (SoC). This Yandex DMS camera will be deployed across the Yandex.Taxi fleet of partner ride-hailing vehicles by 2022, and Yandex is… Source link
Read More »Google Nest Wifi mesh system drops to $229, more
All of the best deals have now gone live and are headlined by the Google Nest Wifi Mesh Router at $229. That’s alongside the first discount on Anker’s new eufy Floodlight Cam 2 Pro at $50 off and this end-of-summer Philips Hue sale. Hit the jump for all that and more in the latest 9to5Toys Lunch Break. Save $70 on Google Nest Wifi Mesh Router system Amazon now offers the Google Nest Wifi Mesh Router system for $229. With $70 in savings from the $299 price tag you’d normally… Source link
Read More »China is ‘6 years ahead’ of US in building blockchain payment system, CEO says
The U.S. has fallen significantly behind China in the race to develop a blockchain-based payment system, Pantera Capital founder and CEO Dan Morehead told Yahoo Finance in a recent interview. “China’s six years ahead of the United States in building a blockchain-based payment system,” Morehead said in a Friday segment on blockchain technology with Yahoo Finance Live. China’s dominance in the blockchain space may propel America into action in the near future, according to Morehead,… Source link
Read More »Amazon Needs to Invest Billions In Warehouse System To Keep Up With Demand: Reuters
What happened: A new report indicates Amazon.com Inc. (NASDAQ: AMZN) needs to invest billions of dollars into the expansion of its warehouse and delivery system to keep up with consumer demand. Reuters reports the online retailer is running out of space and available labor. Amazon has almost doubled its network of warehouses in an 18 month period, although more investments are being planned. Why it’s important: Amazon is “running out of labor,” according to Andrea Leigh, vice president… Source link
Read More »Dogecoin Co-Founder Says He’s Done with Cryptos, They Don’t ‘Align With His Belief System’
Adrian Black / Getty Images Dogecoin co-founder Jackson Palmer had some harsh words about cryptos, calling them “an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity,” in a Twitter rant yesterday. Palmer added that he will wholeheartedly not “return to cryptocurrency.” See: Which Cryptocurrency Are You Invested In? Take… Source link
Read More »Every Fashion CEO Knows the Chinese Man on the Cover of System Magazine
It’s not your usual cover coup, but a coup nonetheless: The charismatic Chinese retailer known to every chief executive officer in the biz as Mr. Ji is on the cover of the next issue of System magazine, photographed remotely by Juergen Teller no less. The chairman of SKP, widely considered the best luxury department store operator in China, Ji Xiao An gets 34 pages in the issue, including a long and lively conversation with Prada honcho Patrizio Bertelli, moderated by editor Jonathan… Source link
Read More »Medical debt is a ‘uniquely American problem’ caused by a ‘very broken’ system, expert explains
The cost of health care in the U.S. has grown worse in recent years as Americans continue taking on unprecedented levels of medical debt. The issue has gotten so bad that one New York-based 501 charity, RIP Medical Health, uses donations to buy up people’s medical debt. The organization recently announced a purchase of $278 million in medical debt owed by roughly 82,000 patients in the Tennessee and Virginia regions. “Medical debt is the no. 1 cause of bankruptcy in the United States,… Source link
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